India has opposed the World Trade Organization's new global customs agreement, infuriating fellow member countries which have tried to seal India's trade facilitation deal since it was agreed to at talks in Bali last December. Despite demanding global trade reform, India says it will veto the deal until it secures rights linked to its system of subsidizing and stockpiling crops. WTO members state that Delhi's veto will be costly, economically and politically. The deadline for the deal is July 31 and any suggestion to postpone it is likely to be rejected.
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